Common use of Cognizant Plans Clause in Contracts

Cognizant Plans. Except as provided in Section 5.6 herein, (a) with respect to any Employee Benefit Plan sponsored by the Cognizant Group after the Effective Time, the Cognizant Group shall cause to be recognized (to the extent applicable) each Cognizant Employee's (i) past service with the D&B Group to the extent recognized under similar plans maintained by the D&B Group immediately prior to the Effective Time and (ii) accrued but unused vacation time and sick days, and (b) any Cognizant Employee who participated in a D&B Employee Benefit Plan immediately prior to the Effective Time shall be entitled to immediate participation in a similar Employee Benefit Plan sponsored by the Cognizant Group.

Appears in 5 contracts

Samples: Employee Benefits Agreement (Acnielsen Corp), Employee Benefits Agreement (Acnielsen Corp), Employee Benefits Agreement (Dun & Bradstreet Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.